2012.05.23 Complaint Transcend v. Simonsen 2012 01 12 Krohne Capital v Simonsen
Simonsen was, according to Demasi, Tony Demasi's partner. Simonsen denied this and testified under oath that Demasi was simply leasing a software program to trade derivatives from Simonsen.
That became the center piece of Tony Demasi's argument when he plead guilty to a number of fraud related charges. Demasi claimed that he and Simonsen sold Simonsen's software system to a Chicago hedge fund and that he was entitled to a piece of those profits, estimated to be near 100 million dollars.
Simonsen claimed that Demasi wasn't Simonsen's partner and eventually a judge in Montana ruled in Simonsen's favor.
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